Polyus Int board chairman joins Canadian Richmont board of directors as vice chairman

摘要

Chairman of the board of directors of Jersey-based Polyus Gold International Ltd (holding company of Russian OJSC Polyus Gold ) Bob Buchan has joined Canadian gold producer Richmont Mines Inc's board of directions as its vice chairman, Richmont said in a press release. Buchan has also presented the Canadian company with 10 million CAN dollars (9.8 million dollars), which will bear a 7.6% annual interest rate and will be convertible into Richmont common shares at a conversion price of 12.17 CAN dollars per common share, the press release said.